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PDIC reminds depositors of banks closed in December 2008 to file deposit insurance claims
Filing to prescribe in December 2010

The Philippine Deposit Insurance Corporation (PDIC) announced that the filing of deposit insurance claims for banks closed in December 2008 including the 12 Legacy-affiliated banks will prescribe in various dates in December 2010. The prescriptive date is the last day for filing deposit insurance claims. After this date, a depositor can no longer file a claim against PDIC as insurer. Any subsequent claims from depositors will become claims against the assets of the closed bank.

The 12 Legacy Banks are: Nation Bank, Inc. in Negros Occidental, RB of DARBCI in South Cotabato, RB of Carmen Inc. in Cebu, Dynamic RB in Batangas, San Pablo Development Bank in Laguna, Bank of East Asia in Cebu City, First Interstate Bank in Leyte, Philippine Countryside RB in Cebu City, RB of San Jose in Batangas, Pilipino RB Inc. in Cebu City, RB of Bais Inc. in Negros Oriental and RB of Paranaque Inc.

The non-Legacy banks are: RB of Nueva Caceres, Bicol Development Bank, RB of Polangui and RB of Subangdaku.

The PDIC, which will conduct terminal claims receiving operations in designated regional sites, has advised depositors to personally file their claims in the following sites and periods:

VENUE	DATE
Claims Counter, Ground Floor, PDIC Bldg., 2228 Chino Roces Avenue, Makati City	During office hours from Monday to Friday (except holidays) until prescriptive date/s
The Bicol Development Bank Head Office at 201 J.P. Rizal St., corner Mabini St., Legaspi City, Albay	Dec. 8-10, 2010
Philippine Countryside RB Executive Office at M.L. Quezon Highway, Pajo, Lapu-Lapu, Cebu City	Nov. 26-Dec. 10, 2010
Dumaguete City Press Club, Negros Oriental	Dec. 8-13, 2010
RB Subangdaku bank premises, Gaisano Dadiangas Complex J. Catolico St., Lagao, General Santos City, South Cotabato	Dec. 8-14, 2010

The PDIC also disclosed that Depositor’s Forums will be conducted at the following venues and dates to explain the claims filing procedures and distribute claim forms:

CLUSTER	BANKS	VENUE	DATE	TIME
Cebu	Pilipino RB, RB Bais, Bank of East Asia, Philippine Countryside RB, First Interstate Bank, RB Carmen, Nation Bank and RB Subangdaku	JSU-PSU Mariner’s Court ALU Compound, Pier 1, Cebu City	November 24, 2010	10:00 AM
Bicol	The Bicol Development Bank, RB Polangui and RB Nueva Caceres	Ibalong Conference Room City Hall compound, Legazpi City, Albay	December 6, 2010	9:00 AM
General Santos	RB of DARBCI and RB Subangdaku	Audio Visual Room Graduate School Building, Mindanao State University High School Campus, Laurel East, Gen. Santos City	December 6, 2010	9:00 AM
Dumaguete	RB Subangdaku, Pilipino RB and RB Bais	Marian Priest Center Function Hall, Cathedral, Dumaguete City	December 6, 2010	10:00 AM

PDIC informed depositors that claim forms are also available during the terminal claims receiving operations.

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